Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin’s shortcomings, a financial instrument that brings out the worst in people—greed—won’t change the world for the better.

I disagree with this statement. Blockchain is only a technology, good or bad is what we humans are doing. It depends how we use BTC and other coins, but that’s a human issue rather than a technological one.

What I find funny about the crypto currency concept was that it was originally devised - to what I know - to replace conventional money, under governmental control. But it quickly came the notion that for any crypto currency to hold value it had to be capable of being exchanged by the convention money it was meant to replace. Thus came the crypto markets, which in all emulate the conventional stock exchange markets (or FOREX, pick your poison), where huge chunks of wealth change hands with no real backing.

A crypto currency, in my opinion, needs to be viewed as a viable means of exchange in order to have value. If I sow potatoes and decide to sell them for crypto, that I can use next to get a massage or a second hand laptop, then a crypto has value. If nobody is using crypto to buy service or goods, then crypto is worth… nothing.

If an entire parallel economy bloomed around crypto - any crypto - that would make more strides to truly shake governments than anything else.

bitcoin corrupts absolutely. Disregarding all of bitcoin’s shortcomings, a financial instrument that brings out the worst in people—greed

Sounds completely un-ideological and science based. lol.

Obviously there’s some academic “merit” behind the technology—similar to studying the Ptolemaic epicycles—but far less so than what evangelists try to sell you [1]. Realizing the extent of its shady, ignorant [2], and spam-happy proponents

This article is just the mirror image.

There’s no science here either.